4 . Who says political economy makes known ( lie nature of wealth ?
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Adam Smith lie nature of wealth
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Adam Smith says political economy makes known (lie nature of wealth).
Explanation:
- Adam Smith is normally regarded as the father of political economy.
- His book on ‘Wealth of Nations’ is a book on political economy which deals with concepts of philosophy, political science, economics, economics, anthropology, sociology and more.
- He laid a lot of emphasis on the theory of free markets and laissez-faire systems.
- His theory laid emphasis that labour brings wealth and according to him more labour can result in more earnings which take care of an individual’s requirements with enough money.
Learn more about Adam Smith
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